Plains All American price target raised to $16 from $15 at Barclays

Barclays raised the firm’s price target on Plains All American to $16 from $15 and keeps an Underweight rating on the shares. The analyst outlined near- and medium-term expectations for multiple commodity value chains across the firm’s midstream coverage. Long term, it likes Enterprise Products Partners (EPD) for diversification and yield, Targa Resources (TRGP) for a 2025 free cash flow inflection, and Cheniere (LNG) for secular tailwinds.